The post Crypto Market Analysis: Top Predictions for Bitcoin, Ethereum, and XRP for the Coming Week! appeared first on Coinpedia Fintech News

Bitcoin (BTC) Price Analysis

The Bitcoin price is trading within a rising parallel channel and the recent plunge may compel the price to reach the lower support 
The RSI is heading towards the oversold regions and may land up in this zone, dragging the price below $25,000
Here a fine rebound may trigger that may revamp of a fine bullish trend lifting the price back above $30,000 in the next couple of months

Ethereum (ETH) Price Analysis

The Ethereum price has been maintaining an elevated range since the beginning of the year but the bearish volume has accumulated currently
The selling pressure has surged as the MACD continues to remain bearish at the moment as it may undergo a bearish crossover 
Besides, the price is approaching the lower support of the Bollinger Bands and preparing to rebound which may rise toward the middle band

Ripple (XRP) Price Analysis

The Ripple price trend also has been rising as the bulls offered a significant push ever since the beginning of the year
The price is currently testing one of the major support levels, which has acted as a strong resistance level in the past 
However, the price appears to be accumulating gains above these levels which may trigger a significant upswing toward the middle bands of the channel

---

Filed under: Bitcoin - @ May 13, 2023 1:45 pm